Finally - a winner!

I knew it had to be just a matter of time. But, I have to tell you how this trade went down. I went to look at the setup last night and found a ridiculous range between the high point and the low point of entry - like 60 or 80 pips! I thought to myself, "Oh geez, there's no way this is going to work out. Which ever way it goes, when, or better, if it manages to get to one side or the other, it will run out of gas and go the other way." So, I just set trades on both sides and went to bed.

I got up at 6 - it hadn't done much. "Man, I'm glad I didn't stay up and watch this thing," I said to myself. Then again at 7:30. It had fallen to about 5 pips above my entry point on the short side and reversed quite a ways up. At least it was moving. I thought, "Yup, just as I thought - I'm glad it didn't grab my entry." So I just left it and went back to bed. I didn't wake up again until 9. So, I came out and looked at it. Well, something had happened - one of the trades was missing, but it wasn't still on. My first thought, of course was "On no - I missed it." Then I looked down and saw the max amount in the realized gain box. Wow - the sucker just dropped down all at once. Come to find out between 8 and 8:30, the market dropped about 70 points, picked up my order, and got the max.

I've always wanted to make money while I sleep. I know this isn't real money at this point, but I still don't know what is going to happen when I set these things up. Now, I know that I can't be just setting up trades like this and going to bed all the time. I just knew that the range was so wide on this one that it was extremely unlikely to be whipsawed and reversed. I didn't think it would drop through my whole trade without giving me a chance to move my stop down, though. On tighter setups, this wouldn't work, but the trades don't take that long either, so I can monitor it closer in those situations.

I love this trading method! Through good and bad!